Re: Richest 2% hold half of world\'s assets
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The system leads to this, and it also leads to the innovation that has given us all the technological progress we've had in the past couple centuries. If we were to go back 200 years and make the world a big socialist haven, we'd be lucky to have electricity today.
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The communist manifesto states, and I agree, that capitalism was useful to build the bridge between feudalism, and socialism. We have already laid the groundwork to have a socialist society. The whole world can easily be fed clothed, schooled, and much more with the incredible productive power that we have now.
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And never cure AIDS or cancer or explore the stars or acheive virtual reality or find more efficient food sources or a million other things. The scientific progress benifits of capitalism don't just stop because someone invented socialism. Perhaps I should have said television or the personal computer instead of electricity? The car or the airplane? Turn the world socialist and the poor will certainly see an immediate improvement in their condition. The problem is that progess will slow to the point that they'll be much, much worse off than they would have been 100 years from now.
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